Sky Plc (LON:SKY)‘s stock had its “outperform” rating reissued by investment analysts at Macquarie in a report released on Wednesday. They currently have a GBX 1,400 ($17.33) price objective on the stock. Macquarie’s price target indicates a potential upside of 65.09% from the stock’s current price.
A number of other research firms have also commented on SKY. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,100 ($13.61) price objective on shares of Sky Plc in a research note on Friday, July 29th. Citigroup Inc. reiterated a “buy” rating on shares of Sky Plc in a research note on Wednesday, July 20th. Haitong Bank upgraded Sky Plc to a “neutral” rating and set a GBX 875 ($10.83) price objective on the stock in a research note on Thursday, August 4th. Liberum Capital reiterated a “sell” rating and issued a GBX 530 ($6.56) price objective on shares of Sky Plc in a research note on Thursday, July 14th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sky Plc in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Sky Plc has an average rating of “Hold” and a consensus target price of GBX 978.65 ($12.11).
Shares of Sky Plc (LON:SKY) opened at 848.00 on Wednesday. The company’s market cap is GBX 14.48 billion. Sky Plc has a one year low of GBX 560.00 and a one year high of GBX 1,134.00. The company has a 50 day moving average price of GBX 865.72 and a 200 day moving average price of GBX 907.29.
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 20.95 ($0.26) per share. This is an increase from Sky Plc’s previous dividend of $12.55. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 2.32%.
In other news, insider Lewis,Dave acquired 312 shares of Sky Plc stock in a transaction on Wednesday, July 27th. The shares were purchased at an average price of GBX 888 ($10.99) per share, with a total value of £2,770.56 ($3,428.91). Also, insider Sukawaty,Andrew (Andy) acquired 114 shares of Sky Plc stock in a transaction on Friday, August 26th. The shares were purchased at an average cost of GBX 870 ($10.77) per share, for a total transaction of £991.80 ($1,227.48).
Sky Plc Company Profile
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.
Receive News & Ratings for Sky Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sky Plc and related companies with MarketBeat.com's FREE daily email newsletter.